Goodrich Petroleum Corp (NYSEAMERICAN:GDP) – Investment analysts at Capital One Financial increased their Q4 2020 earnings per share (EPS) estimates for Goodrich Petroleum in a research note issued on Wednesday, June 24th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $0.07 per share for the quarter, up from their prior forecast of $0.06. Capital One Financial currently has a “Overweight” rating on the stock.
GDP has been the subject of a number of other research reports. Zacks Investment Research downgraded Goodrich Petroleum from a “buy” rating to a “hold” rating in a research note on Monday. Roth Capital upgraded Goodrich Petroleum from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $10.56.
GDP stock opened at $6.99 on Monday. Goodrich Petroleum has a 52-week low of $2.39 and a 52-week high of $13.34.
Goodrich Petroleum (NYSEAMERICAN:GDP) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $28.95 million during the quarter, compared to analyst estimates of $26.34 million.
Several hedge funds and other institutional investors have recently made changes to their positions in GDP. Geode Capital Management LLC boosted its stake in shares of Goodrich Petroleum by 11.8% in the 1st quarter. Geode Capital Management LLC now owns 117,137 shares of the company’s stock worth $499,000 after buying an additional 12,373 shares during the last quarter. State Street Corp boosted its stake in shares of Goodrich Petroleum by 4.8% in the 1st quarter. State Street Corp now owns 155,849 shares of the company’s stock worth $664,000 after buying an additional 7,153 shares during the last quarter. Walthausen & Co. LLC boosted its stake in shares of Goodrich Petroleum by 7.4% in the 4th quarter. Walthausen & Co. LLC now owns 94,150 shares of the company’s stock worth $945,000 after buying an additional 6,500 shares during the last quarter. Barclays PLC boosted its stake in shares of Goodrich Petroleum by 102.9% in the 4th quarter. Barclays PLC now owns 9,087 shares of the company’s stock worth $91,000 after buying an additional 4,609 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Goodrich Petroleum by 43.5% in the 4th quarter. UBS Group AG now owns 12,614 shares of the company’s stock worth $127,000 after purchasing an additional 3,822 shares during the period.
About Goodrich Petroleum
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas.
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